Certified Bank Auditor - CBA

DEFINITION of 'Certified Bank Auditor - CBA'

A professional designation awarded by the Bank Administration Institute (BAI) Center for Certification to financial auditing professionals who pass a four-part multiple-choice exam within a three-year eligibility period. Most candidates must also have an undergraduate degree and at least two years of professional bank auditing experience, or a master's degree in business or accountancy plus one year of work experience. Successful applicants earn the right to use the CBA designation with their names, which can improve job opportunities, professional reputation and pay.

BREAKING DOWN 'Certified Bank Auditor - CBA'

Applicants are tested on accounting, auditing principles, bank laws and regulations, and general business principles. Applicants should also be familiar with new industry developments. Every year, CBA professionals must complete 30 hours of continuing professional education and pay a renewal fee to continue using the designation.



RELATED TERMS
  1. Bank Administration Institute - ...

    A non-profit organization that focuses on improving banking standards ...
  2. Auditing Evidence

    The information collected for review of a company's financial ...
  3. Certified Internal Auditor - CIA

    A certification offered to accountants who conduct internal audits. ...
  4. Associate In Premium Auditing - ...

    Professional designation awarded by the Insurance Institute of ...
  5. Audit

    An unbiased examination and evaluation of the financial statements ...
  6. Credit Business Associate - CBA

    A designation awarded to those who show mastery in financial ...
Related Articles
  1. Professionals

    Internal Auditor: Career Path & Qualifications

    Find out what kind of work internal auditors do in large organizations, and learn more about how to get started working in the field.
  2. Economics

    How to Do a Cost-Benefit Analysis

    The benefits of a given situation or business-related action are summed and then the costs associated with taking that action are subtracted.
  3. Professionals

    Business Analyst: Career Path and Qualifications

    Learn more about professional business analysts, and discover the important role they play in maintaining high efficiency in large organizations.
  4. Professionals

    Financial Auditor: Career Path & Qualifications

    Learn more about what it takes to become an internal or external financial auditor, and determine whether the profession is right for you.
  5. Taxes

    What's an Audit?

    An audit is an objective examination of accounting records that makes sure the records are a fair and accurate representation of the transactions they claim to represent.
  6. Professionals

    Finding The Right Accounting Certification

    The right accounting certification can open the doors of opportunity.
  7. Taxes

    How Does An IRS Audit Work?

    It doesn't automatically mean an IRS agent will be ringing your doorbell. Here are the different types of IRS audits and how to handle them.
  8. Professionals

    Accountant: Career Path & Qualifications

    Learn the different career paths a new accountant can take, and understand the educational requirements for the career, which vary based on position.
  9. Professionals

    Finding The Right Accounting Certification

    An accounting certification may be the boost your career needs. Find out how to get the most bang for your buck.
  10. Investing Basics

    The CPA Exam: What You Need To Know

    Interested in becoming a certified public accountant? Here's what you need to know about the CPA exam.
RELATED FAQS
  1. What should I do to prepare for an IRS audit?

    Find out how to prepare for an IRS audit, what kinds of audits you might face and what kinds of habits you should develop ... Read Answer >>
  2. What's the average salary of an audit clerk?

    Learn how much audit clerks earn per year on average, and review what these finance professionals and others in similar fields ... Read Answer >>
  3. What is an IRS letter audit / audit by correspondence?

    Learn about IRS letter audits, how tax returns are selected for audits and the common outcomes in the letter audits conducted ... Read Answer >>
  4. Where do I get a certificate or other evidence of passing the Series 63 exam?

    Learn more about the use of Series 63 exam results and how passing information is provided to regulators and employers. Find ... Read Answer >>
  5. What licenses and certifications do you need for a career in portfolio management?

    See what it normally takes to begin a career in investment portfolio management, including education, experience, licenses ... Read Answer >>
  6. Can the IRS audit you after a refund?

    Learn how the U.S. Internal Revenue Service (IRS) can conduct a tax audit even after a taxpayer was issued a tax refund in ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center